Want to have some fun with the latest news? Go to the government’s housing price databank and get a much clearer picture of the situation than the headlines will give you. Today’s headlines are blaring that home prices just recorded their biggest drop ever—minus 4.8% this past quarter. Oh woe, oh woe. In the gloom, reports barely mention that a few states are showing some mild improvements in prices.

Investing in Real Estate Investment Trusts has several tax advantages. Todd Schoenberger tells us about one particular REIT that is worth adding to your portfolio.

There’s more bad news ahead for the U.S. economy as home foreclosures continue to rise. One out of every 483 U.S. households is at some stage of the foreclosure process, and with that many displaced or struggling homeowners, the economic recovery may well take longer than expected.

Foreclosure filings in the US rose 48% on the previous year in May, providing further evidence of a deepening housing market slump.

“While the U.S. housing market is still searching for its bottom, the situation is much livelier just south of the border.” says Sara Nunnally in Taipan Daily. “Mexico’s housing sector is seeing a strong resurgence.”

More than a million foreign nationals have crept into the costal regions of Mexico already… but that number is growing.